Mining is dead: how PoS helps you to earn money even in a bear market

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2019-02-03 14:15:09

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Mining is dead: how PoS helps you to earn money even in a bear market

After reaching a record rate has been more than 410 days, which means the current bear market was the longest for major cryptocurrencies. Drop digital assets caught many traders by surprise, because they were not ready for the loss of 90 percent of its portfolio in just one year. This applies in particular to holders altcoins.

However, the most enterprising traders have found a way out of this situation. It is possible to earn in any market conditions with the help of staking. According to Bloomberg, PoS can bring some to the holders of coins from 5 to 150% of the annual just for possession of the cryptocurrency.

the

Stacking saves the world

If you had bought about a year ago, you would have lost about 92 percent of their money. Less «cost» turned out to be Bitcoin — only 80 percent. Do we need to mine coins if their price is constantly falling? Because mining takes much more resources than staking. That is why it is necessary to pay attention to PoS.

Data about the profitability of the process vary widely and depend on the popularity of coins for staking. The most common projects in the world are , and Livepeer. This is especially China.

Raising funds from investors can do even entire companies. For example, the company Staked collected about $ 4.5 million in the cryptocurrency. The Fund Staked invested even the big players on the type of Digital Currency Group, Coinbase and Pantera.

The Manager Multicoin Capital Management Kyle Samani believes taking the best strategy at all times.

Regardless of the market situation, staking gets you a guaranteed amount of the asset. If you are going long trades, you should pay attention to this strategy.

Source: CoinDesk

To make a profit simply visit and get your share of masternode to get a guaranteed income.

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